Escolar Documentos
Profissional Documentos
Cultura Documentos
Politecnico Grancolombiano
University Institution
Bogotá-DC
2019
Introduction
In this project we will explain how important the economy is in the continent of Asia through
the three countries we choose: Japan, Russia and Hong Kong. Because we believe that these
countries are concentrating the most important market in this region. First, Hong Kong
represents one of the two special administrative regions that exist in the People's Republic of
China, Japan has contributed to high development and peace in Asia, Russia is the world's largest
country. During the development of the research, we will show how important these countries
Japan
Russia
HONG KONG
Research problem
During the investigation, one of the most important disadvantages is to have updated
information since the economic figures are constantly updating, however, the problem of our
project is to analyze how the 3 countries that we choose have a Great influence in the economic
Hypothesis
Our research focuses on understanding the social, economic and cultural contribution of the
countries of Japan, Russia and Hong Kong. On the other hand, to know the benefits that are
Justification
This project is carried out to know the cultures and economies of the Asian countries, as well
as to know the existing alliances or contracts and their contribution to each country to promote
General objective
(A) Nish a source of integration of Asian countries against large powers and thus demonstrate
Specific objectives
• To see how Asian countries are integrated and the contributions that are obtained.
• Demonstrate the benefits of the Allies of Asian countries and the importance of these in front of
CAPITAL Tokyo
POBLACIÒN 126.746.000
GDP
POBLACIÒN 126.746.000
30,688 JPY
IPC 0,892%
UNEMPLOYMENT 2.5%
RATE
DEVELOPMENT OF LIFE
INDEX
Japan, the world's third-largest economy, is highly exposed to external impacts due to its
strong dependence on exports. Growth was mainly due to foreign trade and domestic
consumption. It is expected to follow the same trend in 2019 (0.9%), led by strong exports and
Public debt remained very high (240% of Japan's GDP in 2018). The inflation rate increased
slightly to 1.2%, and should reach 1.5% in 2019. Moreover, the government deficit remained
high, with an increase in social spending. Japan's budget deficit was 3.7% in 2018, and is
before the Tokyo Olympics 2020 also affect the increase in VAT (from 8% to 10%), which was
originally scheduled for 2018, but was delayed until October 2019. This does not seem to be a
realistic goal, as health spending due to population ageing has increased. In addition, private
Population ageing and political tensions with China and South Korea are additional concerns
that Japan will have to address in the coming years. The unemployment rate remains low and
reached 2.9% in 2018, the lowest rate since 1994. Despite the fact that wages grew in 2018, this
was related to the higher inflation expectations and a tight labor market. (GLOBAL-
RATES.COM, 2019)
Main economic sector
Although Japan has some deposits of gold, magnesium, coal and silver, the country has very
limited natural resources and, as a result, depends heavily on imports to meet its raw material and
energy needs. On the other hand, thanks to its large maritime area, the country is one of the
largest producers of fishery products in the world. However, since only 11% of Japan's surface is
suitable for cultivation, the agricultural sector is small in Japan. Tea and rice are the two largest
crops in the country, although the sector as a whole is highly subsidized and protected.
Agriculture contributes marginally to GDP (1.2%) and employs only 3.4% of the workforce.
The country is the world's third largest producer of automobiles and the second largest
producer of boats. Its industrial sector accounts for more than 29% of GDP and employs a
The service sector accounts for almost 70% of GDP and employs 71% of the workforce. The
main services in Japan include banking, insurance, retail, transportation and telecommunications.
The country also has an important tourism sector, which has experienced substantial growth in
recent years.
Russia
Located in Central Europe Russia is the largest country in the world with an area of
17,098,250 Km, has a population of 143,990,000. Its capital is Moscow and is the economy
number 11 by volume of gross domestic product. Russia's economy is based on the export of
resources and consumer goods, and on the other hand it is a country with a high level of
industrial, technological, aerospace and atomic energy development. 32% of the Russian
population works in the industrial sector contributing 40% of the country's gross domestic
product, 10% of the Russian population works in the agriculture, livestock and cereals sector are
the main agricultural products of the country, in addition the Large reserves of natural resources
such as oil, natural gas, aluminum, steel, coal and wood represent 80% of the country's exports.
Inequality in the population is still high especially in the cities and rural areas, the poverty rate is
Inflation: 5,269
Unemployment rate:4.7
Hong Kong
Capital Victoria
Shue Wan
Republic of China.
Geographical aspects
Surface 1104.4 Km2
Population 7.409.800
Language Chinese
Government Executive
Economy (datosmacro.com)
EUSTAT
Hong Kong's economy is recognized for its liberalism; It has been known to keep growing in
one of the most important indices in the market that is the gross domestic product achieving the
number 35 of the economy worldwide; It is also maintained with solid finances to occupy one of
the first positions in the country with less debt in the world, and with this can be said that its
Regarding business Hong Kong is in the fourth place of 190 countries that make up the
ranking Doing Business, IE is a country with many facilities and access to do business; The
government is currently seeking to accelerate the signing of free trade agreements, investment
protection and tax agreements with other economies to strengthen the international trade index.
Santander
This analysis is of a qualitative and descriptive nature, taking into account the facts and
events within a specific time frame and time frame, thus explaining the macroeconomic figures
according to the behavior of the country's economy. This analysis is based on the qualitative
approach since it uses the collection of data evidenced with solid arguments.
Insular sovereign country of East Asia. Located in the Pacific Ocean with an area of 377,960
km2.
Japan imports 99% of oil, 74% of gas, 98% of iron, 100% of oil and 75% of coal.
Imports: 84,593
Exports: 77,886
Shinzo Abe Japanese Prime Minister, towards the end of 2012 created an economic recovery
- Exchange Policy: Based on the devaluation of the Yen against the US dollar to favor exporters.
The currency of Japan is the Japanese Yen. For this currency, the most popular exchange rate
is USD-JPY. Japan's economy is based on the production and export of automobiles, industrial
and transport equipment, electronics, chemicals, steel, machine tools, processed food products,
years since the crisis of 2012, Japan has implemented an expansive monetary policy with the aim
of boosting consumption and combating deflation. The intervention rate of the BOJ is between
A significant fact is that Japan has returned to show a low unemployment rate around 4%,
motivated by economic growth; the increase of real investment of 1.4% with respect to year 20
and the future expectations of the population, generated by the current political stability.
In my opinion, Japan will not show economic growth values similar to those shown in the 80s,
due to:
- To the increase of the aged population. The retirement age has been increased to 65 years, but it
- The existing gender discrimination in the workplace. The laws against this discrimination have
been reinforced, but today there is still a macho attitude among the Japanese.
The increase of external dependence. That increased from 2011 because of the energy
blackout. A possible solution to reduce this energy dependence, which would reduce the imports
carried out by the country and produce an increase in GDP, would be to promote renewable
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